LUBBOCK, Texas — The federal government plans to spend $80 million assessing whether its hottest nuclear waste can be stored in 3-mile-deep holes, a project that could provide an alternative strategy to a Nevada repository plan that was halted in 2010. The five-year borehole project was tentatively slated to start later this year on state-owned land in rural North Dakota, ...

SANTA FE, N.M. (AP) — The state of New Mexico slashed revenue projections for this year and next by a quarter-billion dollars because of low oil and natural gas prices and took initial steps Saturday toward reducing general fund spending next year. A somber Senate Finance Committee unveiled budget amendments that would shave spending across state agencies this fiscal year, ...

SANTA FE, N.M. (AP) — The chairman of New Mexico’s Senate Finance Committee warned Thursday that the state could be short on revenues by $700 million or more during the current fiscal year because of reduced income from oil and gas production and anemic corporate and sales tax receipts. The outlook from Sen. John Arthur Smith, D-Deming, for the budget ...

ALBUQUERQUE, N.M. (AP) — A group of local and state elected leaders is supporting a federal proposal that would clamp down on oil and gas companies that burn off natural gas on public land. The 40 elected officials sent a letter Friday to the head of the Bureau of Land Management. They say New Mexico is among the states with ...

COPPELL, Texas (AP) — Texas retail gasoline prices continue to slide by dropping a nickel this week. AAA Texas on Thursday reported the average price at the pump statewide was $1.53 per gallon. Nationwide gasoline prices fell 7 cents this week to reach $1.70 per gallon. Amarillo has the cheapest gasoline this week across Texas at an average $1.34 per ...

SANTA FE, N.M. — State energy officials say the solar industry’s workforce is growing in New Mexico. The state Energy Conservation and Management Division teamed up with the nonprofit Solar Foundation to develop the solar jobs census for 2015. They found 299 jobs were added to the solar workforce last year. As of November, a total of 1,899 workers were ...

Some parts of the Eagle Ford and Permian Basin are profitable with oil below $30 a barrel, according to analysis by Bloomberg Intelligence. Wells in DeWitt County can be profitable with benchmark crude at a price as low as $22.52, which is $4 below its lowest price this year. Crude oil settled at $26.55 on Jan. 20, its weakest price ...

COPPELL, Texas (AP) — Retail gasoline prices in Texas and nationwide continue to slide amid declining crude oil prices. AAA Texas on Thursday reported the average price at the pump statewide has slipped 3 cents this week to settle at $1.58 per gallon. U.S. retail gas prices are down a nickel, to reach $1.77 per gallon. Amarillo has the cheapest ...

ZAVALLA, Texas — A fiery East Texas traffic accident involving a tanker rig hauling crude oil and a smaller truck has left both drivers dead. The Texas Department of Public Safety says the accident happened shortly before dawn Friday on U.S. 69 just south of Zavalla (zuh-VAL’-uh). DPS Trooper David Hendry says preliminary information indicates the tanker truck was southbound ...

BERNALILLO, N.M. — An advisory board has recommended that Sandoval County deny permits for an Oklahoma company to explore for oil outside Rio Rancho. The County’s Planning and Zoning Commission on Thursday said that he County Commission should deny SandRidge Oil’s two requests to drill an exploratory well west of the city’s limits. The recommendation says SandRidge did not provide ...

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